New titles boost Disney revenues

By Sumit Modi

While many are sceptical about movie reboots and sequels, it is precisely this kind of film that has recently boosted the animation giant's revenue.

Films such as Finding Dory, Captain America: Civil War, and the live-action Jungle Book have helped Disney rake in quarterly earnings of a much higher rate than expected.

Disney released details of its earnings earlier this week, reporting a huge nine percent rise in revenue - up to $14.2 billion - which was higher than Wall Street predictions.

This was aided by the success of Finding Dory in particular, which enjoyed the most successful animated film launch in US box office history, earning $136.2 million in its opening weekend.

All avenues of Disney's business appear to be on the up, including the parks and resorts sector, which reports a six percent rise in revenue in spite of the cost of its new Chinese park, and diminishing visitor numbers at Disneyland Paris. 

Disney's various cable television networks rose 1.4 percent, which includes a small rise for ESPN - recently known to be a weaker element of Disney's. The company is now planning to create a multi-sport subscription stream service with BAMTech, in which it has bought a 33 percent share.

 

Follow @BizReviewUSA and @NellWalkerMG

Read the August issue of Business Review USA & Canada here

Share

Featured Articles

Microsoft, McDonald’s latest firms to run civil rights audit

Microsoft and McDonald’s join Amazon, Citi, JPMorgan and others in conducting civil rights audits, as investor pressure to achieve racial equity mounts

Deep dive: Investment in carbon capture rises as CO2 spikes

Investment in carbon removal solutions and startups is heating up as fast as the planet, with Temasek and CEMEX Ventures the latest VCs to launch funds

Dialight envisions a safe industrial world with LED lights

Reliance on inefficient lighting technologies are not only harmful to the environment, but also increase injury risk and cost

Top 10: Tech, cyber, 5G, cloud speakers at TECH LIVE LONDON

Technology & AI

Eight big announcements made at Davos 2022, from ESG to tech

Sustainability

Hear Vodafone Business cyber chief Kawalec at Cyber LIVE

Leadership & Strategy